This is a good article, anyone looking to invest in the stock market should read this article. They should then think of all their "financial products."
IRS Site: 401(k) Plans These employer sponsored plans account for the majority of people's retirement planning. Most people approach this by deferring a percentage of their salary each paycheck into an account they can barely decipher. Typically, an employer offers to match, up to a certain percentage amount, the employee's salary deferrals. For instance, XYZ Corp. can … Continue reading 401(k) Plans
Tax-Advantaged Retirement Accounts are accounts that IRS rules allow for a certain advantages when an individual sets up and makes contributions to a retirement account. Common types include: 401(k) Plans Traditional IRA Rollover IRA Roth IRA Other types of retirement accounts Traditional IRAs and 401(k)s operate in a similar manner. The investor places pretax dollars … Continue reading Tax-Advantaged Retirement Accounts
Most people have access to a few different types of Tax-Advantaged Retirement Accounts. We will get to the types of individual retirement accounts in a moment. First I want to explain the huge advantage of making investments with pretax dollars. The main advantage of these types of accounts is twofold: The money invested are pretax … Continue reading Pretax vs. After-Tax Investment Dollars
As I finish putting together information for this website, I intend to be a more regular updater of this blog. For now, I would like point to this recently completed write up regarding a powerful concept know as compounding. Please follow the link below. The Power of Compouding
Forecasters at the NOAA ("National Oceanic & Atmospheric Administration") predicted between an "active" and "extremely active" hurricane season for the Atlantic Basin. The six month hurricane season starts on June 1. The NOAA predicted that the a 70% probability of the following events: "...[The] NOAA is projecting a 70 percent probability of the following ranges: … Continue reading 2010 Hurricane Season Official Kick-Off